Connecticut Seal

General Assembly

 

Governor's Bill No. 840

January Session, 2013

 

LCO No. 2891

 

*02891__________*

Referred to Committee on FINANCE, REVENUE AND BONDING

 

Introduced by:

 

SEN. WILLIAMS, 29th Dist.

SEN. LOONEY, 11th Dist.

REP. SHARKEY, 88th Dist.

REP. ARESIMOWICZ, 30th Dist.

 

AN ACT CONCERNING NEXT GENERATION CONNECTICUT.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

Section 1. Subdivision (10) of subsection (a) of section 10a-109d of the general statutes is repealed and the following is substituted in lieu thereof (Effective July 1, 2013):

(10) To borrow money and issue securities to finance the acquisition, construction, reconstruction, improvement or equipping of any one project, or more than one, or any combination of projects, or to refund securities issued after June 7, 1995, or to refund any such refunding securities or for any one, or more than one, or all of those purposes, or any combination of those purposes, and to provide for the security and payment of those securities and for the rights of the holders of them, except that the amount of any such borrowing, the special debt service requirements for which are secured by the state debt service commitment, exclusive of the amount of borrowing to refund securities, or to fund issuance costs or necessary reserves, may not exceed the aggregate principal amount of (A) for the fiscal years ending June 30, 1996, to June 30, 2005, inclusive, one billion thirty million dollars, (B) for the fiscal years ending June 30, 2006, to June 30, [2018] 2024, inclusive, [one billion seven hundred nineteen million nine hundred thousand] three billion two hundred seventy million nine hundred thousand dollars, and (C) such additional amount or amounts: (i) Required from time to time to fund any special capital reserve fund or other debt service reserve fund in accordance with the financing transaction proceedings, and (ii) to pay or provide for the costs of issuance and capitalized interest, if any; the aggregate amounts of subparagraphs (A), (B) and (C) of this subdivision are established as the authorized funding amount, and no borrowing within the authorized funding amount for a project or projects may be effected unless the project or projects are included in accordance with subsection (a) of section 10a-109e;

Sec. 2. Subsection (a) of section 10a-109e of the general statutes is repealed and the following is substituted in lieu thereof (Effective July 1, 2013):

(a) The university may administer, manage, schedule, finance, further design and construct UConn 2000, to operate and maintain the components thereof in a prudent and economical manner and to reserve for and make renewals and replacements thereof when appropriate, it being hereby determined and found to be in the best interest of the state and the university to provide this independent authority to the university along with providing assured revenues therefor as the efficient and cost effective course to achieve the objective of avoiding further decline in the physical infrastructure of the university and to renew, modernize, enhance and maintain such infrastructure, the particular project or projects, each being hereby approved as a project of UConn 2000, and the presently estimated cost thereof being as follows:

T1

UConn 2000 Project

Phase I

Phase II

Phase III

T2

 

Fiscal Years

Fiscal Years

Fiscal Years

T3

 

1996-1999

2000-2005

[2005-2018]

T4

     

2005-2024

T5

       

T6

Academic and Research

   

450,000,000

T7

Facilities

     

T8

       

T9

Agricultural Biotechnology

     

T10

Facility

9,400,000

   

T11

       

T12

Agricultural Biotechnology

     

T13

Facility Completion

 

10,000,000

 

T14

       

T15

Alumni Quadrant

     

T16

Renovations

 

14,338,000

 

T17

       

T18

Arjona and Monteith

     

T19

(new classroom buildings)

   

66,100,000

T20

       

T21

Avery Point Campus

     

T22

Undergraduate and

     

T23

Library Building

   

35,000,000

T24

       

T25

Avery Point Marine

     

T26

Science Research Center –

     

T27

Phase I

34,000,000

   

T28

       

T29

Avery Point Marine

     

T30

Science Research Center –

     

T31

Phase II

 

16,682,000

 

T32

       

T33

Avery Point Renovation

 

5,600,000

 

T34

       

T35

Babbidge Library

0

   

T36

       

T37

Balancing Contingency

 

5,506,834

 

T38

       

T39

Beach Hall Renovations

   

10,000,000

T40

       

T41

Benton State Art Museum

     

T42

Addition

 

1,400,000

3,000,000

T43

       

T44

Biobehavioral Complex

     

T45

Replacement

   

4,000,000

T46

       

T47

Bishop Renovation

   

8,000,000

T48

       

T49

Budds Building

     

T50

Renovation

 

2,805,000

 

T51

       

T52

Business School

     

T53

Renovation

 

4,803,000

 

T54

       

T55

Chemistry Building

53,700,000

   

T56

       

T57

Commissary Warehouse

   

1,000,000

T58

       

T59

Deferred Maintenance/

     

T60

Code/ADA Renovation

     

T61

Lump Sum

39,332,000

 

[215,000,000]

T62

     

820,000,000

T63

       

T64

Deferred Maintenance &

     

T65

Renovation Lump Sum

     

T66

Balance

 

104,668,000

 

T67

       

T68

East Campus North

     

T69

Renovations

 

11,820,000

 

T70

       

T71

Engineering Building

     

T72

(with Environmental

     

T73

Research Institute)

   

36,700,000

T74

       

T75

Equine Center

 

1,000,000

 

T76

       

T77

Equipment, Library

     

T78

Collections &

     

T79

Telecommunications

60,500,000

 

[200,000,000]

T80

     

470,000,000

T81

       

T82

Equipment, Library

     

T83

Collections &

     

T84

Telecommunications

     

T85

Completion

 

182,118,146

 

T86

       

T87

Family Studies (DRM)

     

T88

Renovation

   

6,500,000

T89

       

T90

Farm Buildings Repairs/

     

T91

Replacement

   

6,000,000

T92

       

T93

Fine Arts Phase II

   

20,000,000

T94

       

T95

Floriculture Greenhouse

   

3,000,000

T96

       

T97

Gant Building Renovations

   

34,000,000

T98

       

T99

Gant Plaza Deck

 

0

 

T100

       

T101

Gentry Completion

   

10,000,000

T102

       

T103

Gentry Renovation

 

9,299,000

 

T104

       

T105

Grad Dorm Renovations

 

7,548,000

 

T106

       

T107

Gulley Hall Renovation

 

1,416,000

 

T108

       

T109

Hartford Relocation

     

T110

Acquisition/Renovation

 

56,762,020

70,000,000

T111

       

T112

Hartford Relocation Design

1,500,000

   

T113

       

T114

Hartford Relocation

     

T115

Feasibility Study

500,000

   

T116

       

T117

Heating Plant Upgrade

10,000,000

   

T118

       

T119

Hilltop Dormitory New

 

30,000,000

 

T120

       

T121

Hilltop Dormitory

     

T122

Renovations

 

3,141,000

 

T123

       

T124

Ice Rink Enclosure

2,616,000

   

T125

       

T126

Incubator Facilities

   

10,000,000

T127

       

T128

International House

     

T129

Conversion

 

800,000

 

T130

       

T131

Intramural, Recreational

     

T132

and Intercollegiate Facilities

   

31,000,000

T133

       

T134

Jorgensen Renovation

   

7,200,000

T135

       

T136

Koons Hall Renovation/

     

T137

Addition

   

7,000,000

T138

       

T139

Lakeside Renovation

   

3,800,000

T140

       

T141

Law School Renovations/

     

T142

Improvements

   

15,000,000

T143

       

T144

Library Storage Facility

   

5,000,000

T145

       

T146

Litchfield Agricultural

     

T147

Center – Phase I

1,000,000

   

T148

       

T149

Litchfield Agricultural

     

T150

Center – Phase II

 

700,000

 

T151

       

T152

Manchester Hall

     

T153

Renovation

   

6,000,000

T154

       

T155

Mansfield Apartments

     

T156

Renovation

2,612,000

   

T157

       

T158

Mansfield Training School

     

T159

Improvements

 

27,614,000

29,000,000

T160

       

T161

Natural History Museum

     

T162

Completion

   

4,900,000

T163

       

T164

North Campus Renovation

2,654,000

   

T165

       

T166

North Campus Renovation

     

T167

Completion

 

21,049,000

 

T168

       

T169

North Hillside Road

     

T170

Completion

   

11,500,000

T171

       

T172

North Superblock Site

     

T173

and Utilities

8,000,000

   

T174

       

T175

Northwest Quadrant

     

T176

Renovation

2,001,000

   

T177

       

T178

Northwest Quadrant

     

T179

Renovation

 

15,874,000

 

T180

       

T181

Observatory

   

1,000,000

T182

       

T183

Old Central Warehouse

   

18,000,000

T184

       

T185

Parking Garage #3

   

[15,000,000]

T186

     

78,000,000

T187

       

T188

Parking Garage – North

10,000,000

   

T189

       

T190

Parking Garage – South

 

15,000,000

 

T191

       

T192

Pedestrian Spinepath

 

2,556,000

 

T193

       

T194

Pedestrian Walkways

 

3,233,000

 

T195

       

T196

Psychology Building

     

T197

Renovation/Addition

   

20,000,000

T198

       

T199

Residential Life Facilities

   

[90,000,000]

T200

     

162,000,000

T201

Roadways

 

10,000,000

 

T202

       

T203

School of Business

20,000,000

   

T204

       

T205

School of Pharmacy/Biology

3,856,000

   

T206

       

T207

School of Pharmacy/Biology

     

T208

Completion

 

61,058,000

 

T209

       

T210

Shippee/Buckley

     

T211

Renovations

 

6,156,000

 

T212

       

T213

Social Science K Building

 

20,964,000

 

T214

       

T215

South Campus Complex

13,127,000

   

T216

       

T217

Stamford Campus

     

T218

Improvements/Housing

   

[3,000,000]

T219

     

13,000,000

T220

       

T221

Stamford Downtown

     

T222

Relocation – Phase I

45,659,000

   

T223

       

T224

Stamford Downtown

     

T225

Relocation – Phase II

 

17,392,000

 

T226

       

T227

Storrs Hall Addition

   

4,300,000

T228

       

T229

Student Health Services

   

12,000,000

T230

       

T231

Student Union Addition

 

23,000,000

 

T232

       

T233

Support Facility

     

T234

(Architectural and

     

T235

Engineering Services)

   

2,000,000

T236

       

T237

Technology Quadrant –

     

T238

Phase IA

38,000,000

   

T239

       

T240

Technology Quadrant –

     

T241

Phase IB

 

16,611,000

 

T242

       

T243

Technology Quadrant –

     

T244

Phase II

 

72,000,000

 

T245

       

T246

Technology Quadrant –

     

T247

Phase III

 

15,000,000

 

T248

       

T249

Torrey Life Science

     

T250

Renovation

 

17,000,000

 

T251

       

T252

Torrey Renovation

     

T253

Completion and Biology

     

T254

Expansion

   

42,000,000

T255

       

T256

Torrington Campus

     

T257

Improvements

   

1,000,000

T258

       

T259

Towers Renovation

 

17,794,000

 

T260

       

T261

UConn Products Store

   

1,000,000

T262

       

T263

Undergraduate Education

     

T264

Center

650,000

   

T265

       

T266

Undergraduate Education

     

T267

Center

 

7,450,000

 

T268

       

T269

Underground Steam &

     

T270

Water Upgrade

3,500,000

   

T271

       

T272

Underground Steam &

     

T273

Water Upgrade

     

T274

Completion

 

9,000,000

 

T275

       

T276

University Programs

     

T277

Building – Phase I

8,750,000

   

T278

       

T279

University Programs

     

T280

Building – Phase II

     

T281

Visitors Center

 

300,000

 

T282

       

T283

Waring Building Conversion

7,888,000

   

T284

       

T285

Waterbury Downtown

     

T286

Campus

   

3,000,000

T287

       

T288

Waterbury Property

     

T289

Purchase

325,000

   

T290

       

T291

West Campus Renovations

 

14,897,000

 

T292

       

T293

West Hartford Campus

     

T294

Renovations/

     

T295

Improvements

   

25,000,000

T296

       

T297

White Building Renovation

2,430,000

   

T298

       

T299

Wilbur Cross Building

     

T300

Renovation

 

3,645,000

 

T301

       

T302

Young Building Renovation/

     

T303

Addition

   

17,000,000

T304

       

T305

HEALTH CENTER

     

T306

       

T307

CLAC Renovation

     

T308

Biosafety Level 3 Lab

   

14,000,000

T309

       

T310

Deferred Maintenance/

     

T311

Code/ADA Renovation

     

T312

Sum – Health Center

   

[50,000,000]

T313

     

61,000,000

T314

       

T315

Dental School Renovation

   

5,000,000

T316

       

T317

Equipment, Library

     

T318

Collections and

     

T319

Telecommunications –

     

T320

Health Center

   

75,000,000

T321

       

T322

Library/Student Computer

     

T323

Center Renovation

   

5,000,000

T324

       

T325

Main Building Renovation

   

125,000,000

T326

       

T327

Medical School Academic

     

T328

Building Renovation

   

9,000,000

T329

       

T330

Parking Garage – Health

     

T331

Center

   

8,400,000

T332

       

T333

Research Tower

   

60,000,000

T334

       

T335

Support Building Addition/

     

T336

Renovation

   

4,000,000

T337

       

T338

The University of Connecticut

     

T339

Health Center

     

T340

New Construction and

     

T341

Renovation

   

394,900,000

T342

       

T343

Planning and Design Costs

   

25,000,000

T344

       

T345

Total – Storrs and Regional

   

[1,043,000,000]

T346

Campus Project List

   

2,583,000,000

T347

       

T348

Total – Health Center

   

[775,300,000]

T349

Project List

   

786,300,000

T350

       

T351

TOTAL

382,000,000

868,000,000

[1,818,300,000]

T352

     

3,369,300,000

Sec. 3. Subdivision (1) of subsection (a) of section 10a-109g of the general statutes is repealed and the following is substituted in lieu thereof (Effective July 1, 2013):

(a) (1) The university is authorized to provide by resolution, at one time or from time to time, for the issuance and sale of securities, in its own name on behalf of the state, pursuant to section 10a-109f. The board of trustees of the university is hereby authorized by such resolution to delegate to its finance committee such matters as it may determine appropriate other than the authorization and maximum amount of the securities to be issued, the nature of the obligation of the securities as established pursuant to subsection (c) of this section and the projects for which the proceeds are to be used. The finance committee may act on such matters unless and until the board of trustees elects to reassume the same. The amount of securities the special debt service requirements of which are secured by the state debt service commitment that the board of trustees is authorized to provide for the issuance and sale in accordance with this subsection shall be capped in each fiscal year in the following amounts, provided, to the extent the board of trustees does not provide for the issuance of all or a portion of such amount in a fiscal year, all or such portion, as the case may be, may be carried forward to any succeeding fiscal year and provided further, the actual amount for funding, paying or providing for the items described in subparagraph (C) of subdivision (10) of subsection (a) of section 10a-109d may be added to the capped amount in each fiscal year:

T353

Fiscal Year

Amount

T354

1996

$112,542,000

T355

1997

112,001,000

T356

1998

93,146,000

T357

1999

64,311,000

T358

2000

130,000,000

T359

2001

100,000,000

T360

2002

100,000,000

T361

2003

100,000,000

T362

2004

100,000,000

T363

2005

100,000,000

T364

2006

79,000,000

T365

2007

89,000,000

T366

2008

115,000,000

T367

2009

140,000,000

T368

2010

0

T369

2011

138,800,000

T370

2012

157,200,000

T371

2013

143,000,000

T372

2014

[198,000,000] 204,400,000

T373

2015

[208,500,000] 315,500,000

T374

2016

[199,500,000] 309,500,000

T375

2017

[160,900,000] 266,400,000

T376

2018

[91,000,000] 269,500,000

T377

2019

251,000,000

T378

2020

269,000,000

T379

2021

191,500,000

T380

2022

144,000,000

T381

2023

112,000,000

T382

2024

73,500,000

Sec. 4. Subsection (a) of section 10a-109n of the general statutes is repealed and the following is substituted in lieu thereof (Effective July 1, 2013):

(a) For the period from July 1, 2001, to June 30, [2018] 2024, or until completion of the UConn 2000 infrastructure improvement program, whichever is later, the university shall have charge and supervision of the design, planning, acquisition, remodeling, alteration, repair, enlargement or demolition of any real asset or any other project on its campuses.

This act shall take effect as follows and shall amend the following sections:

Section 1

July 1, 2013

10a-109d(a)(10)

Sec. 2

July 1, 2013

10a-109e(a)

Sec. 3

July 1, 2013

10a-109g(a)(1)

Sec. 4

July 1, 2013

10a-109n(a)

Statement of Purpose:

To implement the Governor's budget recommendations.

[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]